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Chinese co to invest $6m in Dhaka EPZ

  • Staff Correspondent
  • 17 August, 2021 12:00 AM
  • Print news
Chinese co to invest $6m in Dhaka EPZ
BEPZA Member (Engineering and Investment Promotion) Mohammad Faruque Alam and Kaixi Fashion Bangladesh Company Managing Director Xiao Hongxi exchange documents after signing a lease agreement at BEPZA Complex in the capital on Monday.

Kaixi Fashion Bangladesh Company Limited, a Chinese company, is going to establish a lingerie manufacturing industry in Dhaka Export Processing Zone with an investment of US$ 6 million.

The company will produce 24 million pieces of ladies undergarments annually with creating employment opportunity for 2031 Bangladeshi nationals, said a press release.

Executive Chairman of BEPZA Maj Gen Md Nazrul Islam witnessed the signing ceremony between Bangladesh Export Processing Zones Authority (BEPZA) and  Kaixi Fashion Bangladesh Company Limited at BEPZA Complex in Dhaka on Monday.

Member (Engineering and Investment Promotion) of BEPZA Mohammad Faruque Alam and Managing Director of Kaixi Fashion Bangladesh Company Limited Xiao Hongxi signed the lease agreement on behalf of their respective organisations.

Among others, Member (Finance) Nafisa Banu, General Manager (Public Relations) Nazma Binte Alamgir, General Manager (Investment Promotion) Md Tanvir Hossain, General Manager (Enterprise Services) Md Khorshid Alam of BEPZA and General Manager (Dhaka EPZ) Md Abdus Sobhan were also present on the occasion .